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emmasim [6.3K]
3 years ago
12

How was the federal deposit insurance corporation meant to prevent another depression apex?

History
2 answers:
ivolga24 [154]3 years ago
6 0
The Federal Deposit Insurance Corporation (FDIC) was a federal agency created under the New Deal policies by President Franklin D. Roosevelt. The goal of this agency was to help re-establish faith in American banks. Before Roosevelt was president, roughly one third of all banks failed/ran out of money. This resulted in millions of Americans losing their life savings.

To ensure this type of economic depression did not happen again, FDR created this agency in order to provide insurance for individual bank accounts up to a certain amount. Along with this, the FDIC would work to restructure banks who failed during the Depression. This agency still exists today and helps ensure that banks do not fail again.
Fudgin [204]3 years ago
6 0
BY PREVENTING BANK RUNS
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Why did the United States decide to get involved in the Korean War?
LenKa [72]

Answer:

The answer is to contain the spread of communism.

Explanation:

The Korean War (1950-1953) was the first military action of the Cold War. It was sparked by the June 25, 1950 invasion of South Korea by 75,000 members of the North Korean People’s Army. The line they crossed, the 38th parallel, was created in 1945 to separate the Soviet-supported Democratic People’s Republic of Korea (today’s North Korea) and the U.S.-supported Republic of Korea to the South. The Korean War was a civil conflict that became a proxy war between superpowers clashing over communism and democracy. Between 2 and 4 million people died, 70 percent of them civilians.

The United States became involved in the Korean War because onn August 29, 1949, the Soviets detonated their first atomic bomb. Klaus Fuchs, a physicist who had helped the United States build its atomic bomb program, had leaked the blueprint of the “Fat Man” atomic bomb to the Soviets. The revelation stoked Cold War paranoia. Then, on October 1, 1949, communist revolutionary Mao Zedong announced the creation of the People’s Republic of China following the defeat of the U.S.-supported Chinese nationalists led by Chiang Kai-shek.

On April 14, 1950, Truman received a document called National Security Council Paper Number 68 (NSC-68). Created by the Defense Department, the State Department, the CIA, and other agencies, it advised the president to grow the defense industry to counter what these agencies saw as the threat of global communism. The recommendations cemented Truman’s next move. On June 27, 1950, President Truman ordered U.S. forces to South Korea to repulse the North’s invasion.

7 0
3 years ago
What are some difficulties that could arise for a married couple that practices two different religions?
shepuryov [24]

Answer: Having a lack of respect for each other's heritage. Not being curious about your partner's heritage, culture or religious beliefs. Failing to timely inform your families and friends of your holiday decisions. Forcing your children to feel as if they must choose between their father's or mother's religion.

Hope this helps :)

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3 years ago
Cual es la principal función de las pirámides
alexgriva [62]

Answer:

Explanation:

Las pirámides fueron construidas con fines religiosos. Los egipcios fueron una de las primeras civilizaciones en creer en una vida futura. Creían que un segundo yo llamado ka vivía dentro de cada ser humano. Cuando el cuerpo físico expiró, el ka disfrutó de la vida eterna.

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3 years ago
What were the 6 major battles of the civil war?
Alchen [17]
Is it like the war between Spartan and Athens
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4 years ago
What sparked a new period of colonial expansion for England in the mid-seventeenth century?
Alla [95]

Answer:

Option: b. The restoration of the monarchy in 1660.

Explanation:

The Restoration in three kingdoms (Scotland, Ireland and England) led a sparked a new period of colonial expansion for England in the mid-seventeen century. The colonies halted by the conflict during the English Civil War and the rule of Oliver Cromwell. Once the throne of King Charles II restored the colonial expansion resumed. Some of the colonies that granted proprietorship by Charles II included, South and North Carolina, Pennsylvania, New Jersey, and Georgia.

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